Connect with us

News

Sheikh Gumi Supports Tax Reform Bills but Urges Changes to VAT for Fairness

Published

on

Photo source: Google

Islamic cleric and scholar Sheikh Ahmad Abubakar Gumi has weighed in on the ongoing controversy surrounding the proposed Tax Reform Bills, which have faced strong opposition from northern governors, lawmakers, and traditional rulers.

The cleric described the bills as beneficial for all Nigerians, although he called for a review of the contentious Value Added Tax (VAT) component.

The Tax Reform Bills have sparked heated debates since they passed the second reading in the Senate last Thursday.

Northern leaders, including governors and members of the legislature, have expressed concern that the reforms could disproportionately impact their region.

Many traditional rulers have also voiced their apprehension, citing fears of economic imbalance and potential hardship for the already vulnerable populations in the North.

Advertisement

Addressing the matter on Tuesday, Sheikh Gumi emphasized that, while the tax bills are a step in the right direction for Nigeria’s economic progress, the contentious VAT provisions need careful reconsideration.

He stated that reviewing the VAT structure could alleviate the concerns of northern stakeholders without undermining the broader benefits of the proposed reforms.

In his words, “The Tax Reform Bills are fundamentally a good package for the nation.

However, the Value Added Tax element, which has raised significant concerns, should be reassessed to ensure it does not unfairly burden any region or group of people.”


 

Advertisement
Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

News

Barack Obama Says Things Could Be Better With Women in Charge

Published

on


Former US President and first Black president, Barack Obama, speaks on leadership and gender. He spoke about how it would be nice for women to be in charge every now and then, as it would strike a balance and advance the government.

“Even when I was President, I sometimes fantasized about if you put women in charge of every government for like two years, and then just kind of saw, ‘All right, how are things going?’”

“I have a strong belief that things wouldn’t be perfect, but they’d be better. I’m confident about that. I really do,” he added.


 

Continue Reading

News

“Nigerians Have Borne Some Real Costs” — Mohammed Idris on Tinubu’s Reforms

Published

on


Minister of Information and National Orientation, Mohammed Idris, speaks on the state of the country and President Tinubu’s reign.

He analyses it and shares how Tinubu has made tough decisions. “About three years ago, President Bola Tinubu assumed office amid some very significant and structural challenges, and physical challenges.”

“His administration chose to confront the long-standing distortions rather than postpone them, and those decisions were indeed very difficult and were not politically convenient. And because of those decisions, Nigerians have borne some real costs.”

“Today, however, Nigeria is moving from the difficult work of reforms and stabilisation towards a new phase of growth and shared prosperity.”


Continue Reading

News

“This Will Be Their Christmas Gift” — Wike Speaks on Abuja Road Projects

Published

on


Minister of the Federal Capital Territory, Nyesom Wike, speaks on the road projects in Abuja and their completion. He shared that they will be completed and described them as Tinubu’s Christmas gift to citizens.

“We have promised the residents that this will be their Christmas gift by Mr President as part of their Christmas gift so that they’ll go back home and enjoy their Christmas celebration.

“You can imagine the happiness of those who stay here. You know that with these roads, the economy of the affected communities will change,” he said.


Continue Reading

Trending